Time Warner, Fox Extol the Single Life

Pointing to Strong Earnings, Both Say No Acquisitions Are Needed

By

Keach Hagey

Updated Aug. 6, 2014 7:33 p.m. ET

The dust appeared to be settling on 21st Century Fox's brief pursuit of Time Warner Inc., as both entertainment conglomerates on Wednesday pointed to strong quarterly earnings and declared themselves well-positioned without acquisitions.

Fox Chairman and CEO Rupert Murdoch called "resolute" his company's decision to withdraw its $85-a-share offer for Time Warner. He added that the company was "strategically...